Hi everyone! Today we are going to dig deeper about a very well known crypto assets which has a huge amount of community all around the world, yep, you guessed right! We are going to talk about Dogecoin! So, what is it exactly? And how can we own it?
Dogecoin is a peer-to-peer open source crypto asset that falls into the altcoin category and has a Doge value unit. Launched in December 2013 by Billy Markus and Jackson Palmer, Dogecoin has Shiba Inu as its logo. This is because, at first, people saw crypto as a very serious matter and only related to money.
Therefore, Billy Markus and Jackson Palmer try to break the stigma and make crypto a fun and not eye-free thing related only to money. Then came the Dogecoin that received wide acceptance for online transactions. It reached the market capitalization of $ 60 million in January 2014 or within 1 month.
Dogecoin has its own community that has achieved great things; from the seizure of Olympic athletes, to the provision of clean water to Africa. Dogecoin also uses the Scrypt algorithm which allows fast payments to anyone and anywhere in the world.
One of the most popular functions that this coin has is “tipping” on the internet world. That is, social media users can give it tips to other users for interesting content they provide. It’s like “like” which is more real and cashable. The rest, transactions are carried out peer-to-peer which means without parties involved and which involves transactions conducted anonymously.
Until this video was made, there have been around 125 million Dogecoins that have been sent in the world. Dogecoin has no inventory limit, which means the amount of Dogecoin is endless, so there is no need to go up as many other coins as Bitcoin which has limited inventory.
Dogecoin can be obtained through mining, however, Indodax is here to be a place for traders who want to have Dogecoin easily and quickly.
So, for those of you who want to own Dogecoin, come now! You can buy it now at indodax.com, if you’re still unsure, don’t worry, you can read more about the tips and tricks on how to trade safely and easily here with us at Indodax Academy!
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